We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

GOLDSTEIN: Ontario needs a revenue-neutral carbon tax

4 0 0

Contrary to Premier Doug Ford’s assertion Monday before a business audience, a properly implemented, revenue neutral federal carbon tax should not trigger a recession in Ontario.

It will slow economic growth to some extent, but a recession means an economic downturn of two successive quarters of negative growth.

A properly implemented carbon tax, by itself, is unlikely to do that.

Even an improperly implemented one, such as British Columbia’s, which started out as revenue neutral in 2008 — returning all the money to the public in equivalent tax cuts — but no longer is, hasn’t triggered a recession there.

Despite government attempts to improve Toronto’s transit system, vehicles on congested streets and highways — like the Gardiner Expressway (pictured) — continue to pump greenhouse gases into the environment. (The Canadian Press)

Relatively speaking, B.C.’s economy is doing well.

But that doesn’t mean Ontarians shouldn’t be concerned about the carbon tax Prime Minister Justin Trudeau is imposing on them.


© Edmonton Sun